[SYDNEY] The chief executive of Australia & New Zealand Banking Group Ltd has joined the chorus of voices warning of risks in Australia's surging housing market, though he said the probability of an outright crash is "really low".

Chinese-backed construction major John Holland Group is stepping up its shift into property development and has swooped on a site in Sydney where it can build a large-scale mixed-use project in a deal worth more than $80 million.

The federal government’s changes for “foreign investors” will also apply to some Australian citizens who don’t live in the country, with experts warning it expats should “think twice” before selling their home.

Coles says it won’t allow rival Woolworths to steal a march on it when it comes to offering low grocery prices to shoppers, and will accelerate a $65 million investment in prices made in the first half to as much as triple through the second half of 2017.

Retail & Tourism

Malls feel tremors from Amazon

The Australian, 6 June 2017

Real estate groups heavily exposed to Amazon’s entry into Australia have been hit by investor fears that older shopping centres will be decimated by the online giant, but some players will suffer more than their more agile rivals.

Chinese e-commerce giant JD.com is developing a drone that can deliver packages weighing as much as one ton

CNBC, 10 June 2017

China's second largest e-commerce giant is developing a drone that can deliver packages weighing as much as one metric ton throughout rural areas of the country, according to JD.com's Chief Technology Officer (CTO).

As ANZ’s board visited Beijing and Shanghai this week with a special focus on online commerce, chief executive Shayne Elliott stressed that while the bank was selling down its retail presence in Asia, “we haven’t lost ambition” for institutional growth in the region.

SHANGHAI, China — All eyes were on Dior in May when Maria Grazia Chiuripresented her first cruise collection for the French luxury house. Set in the Santa Monica hills in Los Angeles, guests ranged from Rihanna to Charlize Theron to Chiara Ferragni. But one expected face was notably absent: Angela Yeung Wing, better known as Angelababy.

Finding the time to get to your holiday home is hard enough when it’s an 11-hour flight away, even for one of China’s richest couples, e-commerce billionaire Richard Liu and his young wife Zetian Zhang.